United States - January 2007

From late last year, I made only about 6 thousand bucks. I am trying to claim business related expenses, but don't have all the receipt. However, my credit card statements show transactions that I'm missing the receipts for. Would it be advisable to use what's on the credit card statements to claim the deduction OR is it a one way to get my a$$ fried and have tax evasion charge on my record?

Also, is there anyway to claim cash transaction for business related expenses, but you do't have the receipts.

2007-01-01 12:39:49 · 2 answers · asked by Anonymous

Hi, My company had a very very good year and my boss gave me a large Christmas bonus. The bonus was a little over 1/2 my annual salary. Usually, federal withholding takes about 16% from my monthly paycheck... but on the bonus.. this surged to 26%. Most of the others.. SS, Medicare stayed about the same. Are X-mas bonuses taxed at a higher rate?

Thank You For your help, Brian

2007-01-01 12:30:19 · 1 answers · asked by Anonymous

2007-01-01 11:59:58 · 13 answers · asked by Michael S 1

i have made 4318.54 dollars and my tax is 728.64 this is year to date
FITWH.....289.27
MED.....62.63
SOC.....267
OH.....44.19
OHMTV.....64.80
SO I WAS WONDERING HOW MUCH DO U THINK ILL GET BACK BECAUSE IM WANTING TO BUY A PS3 AND IM WANTING TO HAVE MONEY IM ONLY 16 THATS WHY ITS SO LOW AND I WANT THE PS3 SO I DONT CARE IF U DONT LIKE THE PS3

2007-01-01 11:24:02 · 3 answers · asked by jcoffey15 1

2007-01-01 10:42:21 · 13 answers · asked by Nutsogood 1

I did not pay taxes on my unemployment in 2003/2004. I got a letter the end of 2005 stating I owed I contacted the IRS and was told that they would stop my return. They did not and I was approved for a rapid return. I was lucky! I do not owe much sos the interest and penalties are minimal. Will the IRS stop my rapid Refund this year.

2007-01-01 10:14:49 · 6 answers · asked by Anonymous

New estate tax laws provide increased exemptions. How does this work with the use of the marital deduction trust prior to implementation of new tax laws in 2001?

2007-01-01 09:18:36 · 2 answers · asked by Roy R. 1

2007-01-01 09:09:21 · 2 answers · asked by JADA B 2

my lil girl is 11 month old i am the only working parent (wife doesnt work yet) do i really need to have my babys ss# to claim her on the taxes? or do i also put the mothers name too?

2007-01-01 09:05:00 · 8 answers · asked by Anonymous

if so does the employer give you a form or how do you go about doing this?

2007-01-01 08:58:04 · 18 answers · asked by grady c 1

can i get a reinbursment on my truck that i bought for my buiss. if so how?

2007-01-01 08:44:39 · 5 answers · asked by grady c 1

will unemployment insurance be open on tuesday january 2,2007

2007-01-01 08:32:25 · 4 answers · asked by bonehead11572002 1

2007-01-01 08:32:18 · 1 answers · asked by VINCENT C 2

2007-01-01 08:27:51 · 4 answers · asked by Anonymous

Did my preliminary taxes, I was married in March 06. Wife and I have a son together. Logic would tell me to file married/jointly. However my wife and I both come out with larger refunds filling Single/Head of Household. How does the IRS know that we got married this year unless we tell them?

2007-01-01 08:08:04 · 7 answers · asked by TLARA01 1

2007-01-01 07:55:15 · 2 answers · asked by grady c 1

I am planning on putting some money into a Roth IRA before April 15th, in order to take advantage of the tax credit for lower income people who amass retirement savings.

Let's say I get the Roth IRA, and then close it out 6 months later:
What will I have to pay a penalty on?
Just my earnings, or will there be a penalty on the entire amount I had invested?
Will I have to pay back the tax credit that I took for putting the money in?
Does the tax credit I am speaking of still exist, or did it expire?

Thank you for your help.

2007-01-01 07:40:37 · 1 answers · asked by waefijfaewfew 3

a friend had a fundraiser for me last year to help pay for my medical bills due to my disability. how/where do i put this info on my tax form and how much should i expect to pay in on this money- $6000?

2007-01-01 07:28:46 · 2 answers · asked by drunkinpoet 4

2007-01-01 07:27:09 · 4 answers · asked by ora_b_70714 1

My wife started making regular deposits in a 401k plan offered by her new employer in 2006.

Question: Is the money she invested in the 401k Plan tax deductible in 2006? In other words, do these contributions count as taxable income....or are they tax exempt?

If contributions to 401k plans are tax deductible, is there a limit to what we can claim on our federal income tax form each year if we file a joint return?

2007-01-01 07:24:07 · 10 answers · asked by Im2hard2please 2

so when i do my taxes,how will it effect me?And what forms do i turn in when i do my taxes. Will this be used as income against me even though i didnt pay my loan off by 10 thousand dollars. I had to sell before foreclosure this was best deal.Plus i fell short in my payments to the governement so i owe them around 800 they will garnishment from my return.I worked alot of over time this year it pushed me in a higher tax brackets scared i will owe for once,i do have a son that i claim. I know i can ask my tax person tomorrow , but i want to know right now,,thanks

2007-01-01 07:21:33 · 1 answers · asked by heartzz_ablaze 3

My boyfriend and I live together. We have 1 child together and he has 1 child from a previous relationship. Whats the best way to file to get the most money back? I worked all year and made the most money. He only worked about 3 months of the year as he took some time off to build a house.

We were wondering if we could both file head of household and each claim one kid. I mean, since we are not married we are technically roommates anyways. Is this possible or is there another way to do it?

2007-01-01 07:12:23 · 9 answers · asked by hopeISalive 2

I want to have a vehicle paid for (yes a 6000lb gvw) and perks paid to me instead of the biz proceeds because they will be spent on operating costs like trips to trade shows etc. I have a PC repair biz.

2007-01-01 07:07:03 · 3 answers · asked by tallskinnybrunnettesrsxy 2

i have already called 1800-829-1040,1800-829-19540also i need the number to the irs offset to tell whether or not your taxes will be kept.there is a toll free number i just lost it and dont know how to get it back

2007-01-01 06:46:54 · 5 answers · asked by linda h 1

hi, this would be the first year i intend to do our taxes myself.Can i do them, file them online-and where online? any tips?thanks

2007-01-01 05:54:30 · 2 answers · asked by brycesmom2@verizon.net 1

my 19 yr old dependent started working last august can I still claim him for the whole year and can should he file a return for the year

2007-01-01 05:40:10 · 2 answers · asked by gemini32 1

2007-01-01 05:37:26 · 5 answers · asked by pricetag 1

2007-01-01 05:05:11 · 3 answers · asked by t 2

2007-01-01 05:00:11 · 2 answers · asked by sticher12345 1

Well i have already paid property taxes this year and received bill for Taxes on the 2nd dwelling on the property. I would think this taxes should have been assed and billed on the origanal Taxes bill. Any Ideas? Thanks

2007-01-01 04:57:50 · 2 answers · asked by Up to my ears in Polish Pride 1